Stay On Budget With These Renovation Tips
Smart ideas for big and small renovation budgets
By Katrina Giles 2017-01-18
Katrina Giles of Seaside Interiors has plenty of experience with renovations. In this article, she shares her best tips to help you stay on budget.
Once you have made the decision to upgrade your home, whether it’s a quick room redo or a major kitchen overhaul, one of the most intimidating parts of the process can be developing a realistic budget that you can work with. Here are a few tips for how to get started and stay on track.
Make a list and check it twice
While developing a budget, think of the room you will be updating and make a comprehensive list of all the things you will change. Have a clear idea of your project. Consider everything: paint, furniture, flooring, fixtures, lighting etc. Once you have a list, you can source the actual items before beginning any construction work, giving you a good idea of the materials costs.
Be clear with contractors
Your detailed wish-list should be shared with potential contractors to provide them with a full picture of your expectations, enabling you to get an accurate estimate of construction costs.
Allow for unexpected costs
A good rule of thumb is to add at least 10% to any budget for surprise expenses that will undoubtedly arise along the way.
Spend your money wisely
Stick to more neutral or classic items when selecting more costly elements such as flooring, cabinetry, and large furniture pieces. You will want these items to stand the test of time.
Stay on trend by incorporating less expensive items such as paint, wallpaper and accessories. These can be easily be changed without the work and expense of a major renovation.
Use what you have
Avoid plumbing and electrical changes where possible, they can be quite expensive. Re-purpose existing furniture if you can. That scratched and dented table can get a whole new look with a fresh coat of paint.
DIY what you can
If you’re feeling up to a challenge, why not save money on labour costs by taking on simpler tasks yourself. Go ahead and try painting, sourcing items or maybe even demo work; however, if a job is out of your comfort zone, don’t hesitate to contact a professional.